Homestead Station Qalicb Inc

Analysis

Homestead Station Qalicb Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Homestead Station Qalicb Inc reported income of $797k and spending of $1.4m, spending 175% of what it took in. Over the whole period it spent 173% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Homestead Station Qalicb Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Trail Blazers Foundation ($797k), Wealthnet Charitable Gift Fund ($797k) and Arrupe Virtual Learning Institute ($796k).

At year end it held assets of $33.9m against liabilities of $36.6m, net assets of -$2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.